The Salina City Commission on June 23 authorized renewal of the city’s comprehensive property and casualty insurance through a combined Travelers–Chubb placement, with a total premium of $966,554. Staff recommended the combined approach after soliciting market bids and identifying significant premium differentials among carriers.

Assistant City Manager Sean Hennessy told commissioners that Chubb’s proposal would substantially lower the city’s premium for property and inland-marine coverages but includes material differences from Travelers. Notably, Chubb’s limit for property/inland marine would be $100 million total, compared with the Travelers placement at $243 million; Chubb also offered a lower wind-and-hail deductible (1% with a $100,000 minimum vs. Travelers’ 3% with a $250,000 minimum). Staff recommended using Chubb for the property/inland-marine layers and Travelers for the remaining liability lines to stay within the city’s budgeted $1 million for insurance renewals.

Risk and insurance staff told commissioners they maintain current property valuation lists and can update them as part of the renewal; carriers review values and may require adjustments. The commission voted 4–0 to authorize the city manager to sign the Travelers–Chubb agreements for $966,554.

What changed: choosing Chubb for the property/inland-marine placement reduced the immediate budget shortfall that would have arisen if the city accepted Travelers’ full scheduling and pricing. Commissioners asked staff to confirm property valuations and said they wanted continued briefings if outstanding valuation or limit issues required later changes.